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What incredible times we are living through. As an ex Sirius Minerals investor who lost a SUBSTANTIAL AMOUNT OF MONEY, it is quite soothing watching Anglo American DIVE. ''You never know'' may even drop to 5.5p . . . COUNT ME IN!!!!
Still holding and hoping!! Already down £180,000, might as well stay and save on selling fees!! Still holding just in case another MINING COMPANY POUNCES . . . you never know!!
Huge number if institutional and retail investors still involved in this PROJECT. Sirius BOD have brought this FANTASTIC Construction to an ADVANCED STAGE. There will be a lot of interest in this company when the NO NO votes are delivered. NOTHING HAS CHANGED, FUNDAMENTALS STILL REMAIN. This project WILL NOT FAIL. There will be RICH Institutional and Mining Companies ANXIOUSLY waiting on the voting result. SHAREHOLDERS MUST REMAIN PART OF THIS PROJECT!!
COME ON MINING COMPANIES: BHP, GLENCORE, RIO TINTO... Make a COUNTER BID, you know the FANTASTIC FUNDAMENTALS with this company. Worth £30 billion when in full production. £2.3 billion every year for 100+ years. Local community fully committed FINANCIALLY AND MORALLY!!
LET'S HOPE 'NO' VOTE PREVAILS. This company is too big to fail! LOOK AT THE FUNDAMENTALS. Interesting read regarding Anglo American at one point were looking at offering SHARE SWAP. I would rather have Anglo American shares than 5.5p cash offer. But knowing the Sirius board of directors, I would not hold any hope of them negotiating a favourable exchange!! Anglo American hopefully are OUTBID BY A COUNTER OFFER!! shareholders STAY STRONG!!
Posted yesterday on Sirius Minerals website. Investors - Firm Offer From Anglo American PLC - Other Documents. A 17-page presentation by Simon Carter February 2020 promoting this project. A MUST VIEW. Mentions Leaving A Legacy. £2.3 billion annual contribution to UK GDP.
SHAREHOLDERS DESERVE MORE. TO REMAIN PART OF THIS PROJECT. VOTE NO NO
We are nearly there, STAY STRONG, vote NO NO!!
In my opinion I feel shareholders have LOST ALL FAITH IN CHRIS FRASER!! If we are successful with our NO VOTE do we really want him re-negotiating terms when he has been so negative towards SHAREHOLDERS!! Definitely time for a CHANGE in the BOARDROOM. Hang on in there Shareholder!!
In my opinion Chris Fraser is not fit to run Sirius Minerals. We were fed his drivel over the years with presentations and video conferencing, all spelling out the fantastic margins of profit once in production! I hold a million plus share averaging at 17p over 5 years. Even with my considerable losses I have registered vote NO rather than allow the BOD to be rewarded with JOBS and £19,000,000 bonus (compensation) for FAILURE. YOU HAVE NOT THOUGHT OF THE SHAREHOLDER SERIOUSLY ENOUGH. WE GOT YOU WHERE YOU ARE TODAY . . . A HUGELY SUCCESSFUL AND SOON TO BE HUGELY PROFITABLE COMPANY!! We deserve to remain part of this company. Re-negotiate 50 Sirius Mineral shares for ONE Anglo American share. With future HUGE PROFITS it's only FAIR!!!
Chris Fraser is worried. Nice to hear an institutional investor talking sense. Just keep telling yourself LOOK AT THE FUNDAMENTALS. This mine is a "GOLD MINE." Even they think it is worth DOUBLE what Anglo American are offering. SHAREHOLDER'S . . . STAY STRONG . . . VOTE NO NO.
I wonder why Anglo American are dipping their toe in phone call canvassing. A lot of shareholders have had calls asking which way they are going to vote! . . . they must be WORRIED! I urge shareholders to STAY STRONG AND VOTE NO. As we were constantly reminded during earlier fundraising LOOK AT THE FUNDAMENTALS:-
* All planning applications attained
* Construction in ADVANCED stage
* 100s of successful field trials
* 13 million plus ton annually already sold
* £1.5 billion of OUR MONEY ALREADY SPENT
* £Billions of profit EVERY YEAR FOR 100s YEARS PLUS
What is there NOT TO LIKE about this MINE. We DESERVE A BETTER DEAL!! Make the BOD of both companies SWEAT. I believe the company will NOT BE ALLOWED TO FAIL. Too big a project for the NORTHERN POWERHOUSE to see go under! Maximum pressure should be put on LOCAL COUNCILLORS to get the GOVERNMENT to re-engage. Too many HARD WORKING SHAREHOLDERS set to swallow CONSIDERABLE LOSSES for progressing a SUCCESSFUL PROJECT. Anglo American CANNOT be seen to STEAL this mine. We KNOW THIS MINE WHEN FULLY DEVELOPED will be worth £20-£30 BILLION and in the big picture ALL THEY NEED TO COMPLETE THE BUILD is £2-£3 billions . . . PEANUTS to the BIG BOYS!! STAY STRONG VOTE NO.
A call today from Anglo American asking which way I am going to vote! I told them I was against them getting the company for 5.5p a share and have instructed Halifax to register my 1.3 million shares as a NO vote. STAY STRONG SHAREHOLERS!!
I have shares registered with Halifax in a nominee account. I was able to register my vote NO. Just call them and they will register your preferred vote!!
As we are constantly reminded LOOK AT THE FUNDAMENTALS:
* All planning permissions granted;
*13 million tons plus sales contracts;
*100s of PROVEN field trials;
*£1.5 billion spend to present construction position;
*Project in ADVANCED stage of construction;
*£Billions of PROFIT each year for 100+ years and more;
*JUST £2.5/3 BILLION FINANCE TO COMPLETION.
To any potential bidder a NO BRAINER!!!!
INSTITUTION AND PRIVATE INVESTORS . . . KEEP THE FAITH . . . VOTE NO, NO NO!!!
Shareholders deserve to REMAIN PART OF THIS FANTASTIC PROJECT.
I think ours minds have been clouded by the torrent of RNS statements from the company. LOOK AT THE FUNDAMENTALS!!
I have been invested in this share for some 4 years, and sadly listened to the spill by Chris Fraser!! It is the shareholders who have financed this project to date, if I am not mistaken, to the tune of £1.5 billion. Anglo American should recognise the HUGE private investor participation (50 per cent) in financing this project. This will hurt private investors a lot more than INSTITUTIONAL investors. They can see the HUGE potential rewards in this mine, making £billions every year!! . . . and they are not willing to reward investors 20p a share minimum. 5.5p such a derisory offer! The mine is in an advanced stage of construction. With the £billions of profit each year, would easily pay off the finance required to complete the project, and pay a dividend in five years. THINK AGAIN ANGLO AMERICAN!! Why is it not possible to reward shareholders with shares in Anglo American. How can they hold their heads high in Yorkshire with so many massively out of pocket! Shareholder MUST INSTRUCT their brokers which way they would like to vote. I will be instructing Halifax with my NO vote because MORALLY they cannot be seen to drive shareholders out of this project. I have in excess of 1.3 million shares. Sirius Minerals BOD have not taken the interests of shareholders seriously enough. YOU MUST DO BETTER. The imminent vote is determined on the number of shares an individual holds, mine being 1.3million 'NO' votes! This company is owned by the shareholders. Hopefully enough institutional investors vote NO and force a boardroom shake-up. Come on Rio Tinto, BHP or Glencore show hand and make a bid!!
With the share price in excess of Anglo America's offer price this would be an ideal opportunity for shareholders to sell the majority of their shares and leave a nominal amount in their account to vote NO when voting on the share offer deal (electronic voting forms are usually sent to shared ealing Corporate Action account tab). This would surely force the BOD to explore other options. Firstly dropping their connection with JPM - they are not the only ADVISERS in the market place! This PROJECT is HUGE. I believe the government would NOT allow it to fail and eventually would offer up funds for it to continue OPERATIONS in some CAPACITY rather than go into administration. This is the SHAREHOLDERS MINE!! If the company continues operations, shareholders would be able to reinvest their funds - a win win case. The BODs cannot be seen to wipe the floor with shareholders ... they work for us!! If need be CHANGE THE BOARD. Just my opinion.
If Investers are worried about insolvency, Investers have the option of selling the majority of their holding, but leave a nominal number of shares in their account. This should entitle them to still participate in voting on the offer!! If Investers voted NO, I am sure it would concentrate the minds of BOD, knowing insolvency would bring them down to our (out of pocket) level!! JUST A THOUGHT!!
As a long term holder I am disappointed with the board recommending 5.50p offer and not giving us an alternative offer. It should be the shareholders who make the decision whether offers are acceptable! Correct me if I am wrong, but all the risk with shaft sinking is shouldered by engineer contractors! This project is worth more than £409m. When the meeting is arranged someone should table a motion of no confidence in the Board or Chris Fraser. The entire £1b+ project has been paid for by institutional and private invester's hard earned savings. In my view the Board are not putting the interests of shareholders FIRST.